The UEIC (Universal Electronics) short trade gapped beyond both the second target as well as the final target to open at 61.00, which is where any standing BTC limit orders would have been filled (or lower, as the stock fell sharply from there due to the opening order imbalances). From the entry price of 76.54, that provides a profit of 20.3% (or better, depending in the fill). With the stock now trading down 28% below the entry price & well below the final target, consider booking full profits as the R/R to remaining short in no longer attractive. UEIC will now be assigned to the Completed Trades category. Original & updated daily charts:
UEIC Final Price Target Hit for a 20% Profit
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